If you're looking for funding for a venture, West Lothian Council offers various options tailored to different needs and types of businesses. Here's an overview of some key funding opportunities:
| Funding Scheme | Description | Maximum Amount | Eligibility Criteria |
|---|---|---|---|
| High Growth Start Up Grant | For businesses within their first 18 months, this supports new products, trade events, and capacity building. | Up to £2,000 | Must be within the first 18 months of trading |
| Project Grant | Designed to enhance competitiveness through capacity building and efficiency improvements. | Up to £10,000 | Minimum eligible costs of £20,000 |
| Growth Assistance Project | Supports projects with significant costs; typical grants awarded based on project importance. | Typical £45,000 | Total eligible costs of at least £100,000 |
| Business Loan Scotland | Provides secured, gap loans to viable businesses in priority sectors, ensuring solid funding packages. | Up to £50,000 | Must be commercially viable |
| Introduction to Business Grant | Aimed at startups, providing grants to help develop viable business plans and access further funding. | Maximum £500 | Must be an eligible new business |
| Third Sector Resilience Fund | For organisations in financial difficulties due to Covid-19, supporting stability and viability. | Between £5,000 and £100,000 | Charities and social enterprises |
For more detailed guidance on how to apply and find these funding opportunities, you can visit West Lothian Council's funding page. It's always a good idea to prepare a robust business plan in advance, outlining how the funding will be used to show funders your project’s potential impact.